PIERRE-CARL MICHAUD, RAND Corporation, and AXEL HEITMUELLER, London Business School and Prime Minister's Strategy Unit--Informal Care and Employment in England: Evidence from the British Household Panel Survey

BERNARD VAN DEN BERG, Free University of Amsterdam, DENZIL FIEBIG, and JANE HALL, University of New South Wales--The Impact of Providing Informal Care on Self-Reported Well-Being

Discussants: LILIANA PEZZIN, Medical College of WisconsinGEMA ZAMARRO, Tilburg UniversitySTEVEN STERN, University of VirginiaEDWARD C. NORTON, University of North Carolina-Chapel Hil

HILKE PLASSMAN, JOHN O'DOHERTY, and ANTONIO RANGEL, Caltech--The Neural Basis for the Computation of Decision Values in Simple Economic Choice

CRAIG FOX, SABRINA TOM, CHRISOPHER TREPEL, and RUSSELL POLDRACK, University of California-Los Angeles--Losses Loom Larger Than Gains on the Brain: The Neural Basis of Loss Aversion in Decision Making under Risk

TIMOTHY BESLEY, London School of Economics, and STEPHEN MACHIN, University College London--Are Public Sector CEOs Different? Leadership Wages and Performance in Schools

ANDREAS AMMERMUELLER, Centre for European Economic Research (ZEW), Germany, and PETER DOLTON, Royal Holloway College--Pupil-Teacher Gender Interaction Effects on Scholastic Outcomes in England and the USA

DIANA HANCOCK, Federal Reserve Board, JOE PEEK, University of Kentucky, and JAMES A. WILCOX, University of California-Berkeley--The Repercussions on Small Banks and Small Businesses of Procyclical Bank Capital and Countercyclical Loan Guarantees

JAMES FOLLAIN, James R. Follain LLC, and MIKE SKLARZ, New City Technology LLC--Evaluating Mortgage Performance with Public Records Data: Why, What, and How

RAPHAEL BOSTIC, University of Southern California, KATHLEEN ENGEL, Cleveland State University, PATRICIA MCCOY, University of Connecticut, and ANTHONY PENNINGTON-CROSS, Marquette University--State and Local Anti-Predatory Lending Laws: The Effects of Assignee Liability and Legal Remedies

Discussants: TIMOTHY J. RIDDIOUGH, University of Wisconsin-Madison ABDULLAH YAVAS, Pennsylvania State University WILLIAM WHEATON, Massachusetts Institute of Technology JAMES SHILLING, DePaul University

UJJAYANT CHAKRAVORTY, University of Central Florida and University of Toulouse, MICHEL MOREAUX, University of Toulouse, and MABEL TIDBALL, University of Montpellier--Ordering the Extraction of Polluting Nonrenewable Resources

PETER HARTLEY and KENNETH B. MEDLOCK III, Rice University--A Model of the Operation and Development of a National Oil Company

Discussants: PETER BERCK, University of California-BerkeleySCOTT FARROW, University of Maryland-Baltimore CountySTEPHEN HOLLAND, University of North Carolina-GreensboroDENISE YOUNG, University of Alberta

JOHN DUFF and TATIANA KORNIENKO, University of Edinburgh-- Does Competition Affect Giving?

YAN CHEN, University of Michigan, MAX HARPER, JOSEF KONSTAN, University of Minnesota, and SHERRY XIN LI, University of Texas-Dallas--Social Comparisons and Contributions to Online Communities: A Field Experiment on MovieLens

Discussants: TATIANA KORNIENKO, University of StirlingSHERRY XIN LI, School of Economics, University of Texas-DallasTIM CASON, Purdue UniversitySTEPHAN MEIER, Federal Reserve Bank of Boston

Jan. 4, 8:00 amLERA

Work-Life Voice: Examining the Relationship Between Different Forms ofEmployee Voice and Flexible Working Time Arrangements Across Countries

Presiding: EILEEN APPELBAUM, Rutgers University

PETER BERG, ELLEN KOSSEK, and KAUMUDI MISRA, Michigan State University--The Effect of Individual and Collective Voice on Employee Experiences with Flexible Working Time Policies and Practices

HARTMUT SEIFERT, Wirtschafts- und Sozialwissenschaftliches Institut (WSI) in der Hans-Böckler-Stiftung--Flexible Working Time Patterns in Germany and the Role of Works Councils

ANNA ILSØE, Copenhagen University--Trade-offs on Flexible Working Hours at the Company Level in Denmark, Germany, and the United States

BARBARA POCOCK, University of Southern Australia--Working Time and Workplace Flexibility in Australia: Politics, Policy and Experience

FEKRU DEBEBE, Educational Testing Service, ELLEN SEWELL, University of North Carolina-Charlotte, and ARTHUR RAYMOND, Muhlenberg College--Comparing the Performance of College and High School Students on the Advanced Placement Exams

KIMMARIE MCGOLDRICK, University of Richmond, and STEPHEN A. GREENLAW, University of Mary Washington--Practicing What We Preach: Undergraduate Research Experiences in Economics

MARTIN MILKMAN, Murray State University--AACSB Assessment and a Managerial Economics Group Project

Discussants: HELEN ROBERTS, University of Illinois-ChicagoSHERYL BALL, Virginia Polytechnic Institute & State UniversityLESTER HADSELL, State University of New York-OneontaAVI COHEN, York University

Jan. 4, 8:00 amNEA

African Development and African Immigration (O1)

Presiding: ROMIE TRIBBLE, Spelman College

JULIET ELU, Spelman College--Private Foreign Direct Investment in ACP Countries: The Impact of Migrant Remittance on Economic Growth and Development

LEONIDAS MUREMBYA, Michigan Bureau of Labor Market Information and Strategic Initiatives--How are Children of Immigrants Faring in the U.S. Job Market?"

WARREN C. WHATLEY, University of Michigan--West Africa in the Emerging Atlantic Economy, 1450-1850

JULIET ELU, Spelman College--Economic Analysis of Terrorism: Rational Choice and Utility Maximization of Terrorist Behavior in Africa and South Asia

BROOKS ROBINSON, Black Economics.org--Coming to Africa

Discussants: KWABENA GYIMAH-BREMPONG, University of South FloridaWILLIAM A. DARITY, JR., University of North CarolinaMWANGI WA GITHINJI, University of MassachusettsELIZABETH ASIEDU, University of KansasPATRICK MASON, Florida State University

Jan. 4, 8:00 amNAEFA

Corporate Sector Volatility and Its Relation to Macroeconomic Risks (G1)

SOLOMON POLACHEK, State University of New York-Binghamton, and DARIA SEVASTIANOVA, University of Southern Indiana--Evidence On the Extent Sociopolitical Instability Decreases A Nation's Economic Performance

Discussants: MICHAEL INTRILIGATOR, University of California-Los AngelesLUIS LOCAY, University of Miami

Jan. 4, 8:00 amSGE

Reevaluating Old Issues with Novel Data Sets

Presiding: GREGORY KURTZON, U.S. Bureau of Labor StatisticsTRICIA GLADDEN, U.S. Bureau of Labor Statistics--Re-examining the Impact of the Computer Age on the U.S. Labor Market

GREGORY KURTZON, U.S. Bureau of Labor Statistics--Do the Poor Pay More Store-by-Store?

DANIEL SPULBER, Northwestern University--Entrepreneurs in the Theory of the Firm

DAVID AUDRETSCH, Indiana University and Max Planck Institute--The Knowledge Spillover Theory of Entrepreneurship

VINCY FON, George Washington University and National Science Foundation, andYING LOWREY, U.S. Small Business Administration and George Washington University--A Microeconomic Approach to the Entrepreneur

WILLIAM BAUMOL, New York University--The Price Theory of Entrepreneurship

PATRICK KEHOE, University of Minnesota--Convergence in Macroeconomics?

ROBERT SHIMER, University of Chicago--Convergence in Macroeconomics?

MICHAEL WOODFORD, Columbia University--Convergence in Macroeconomics?

Discussants: To be announced.

Jan. 4, 10:15 amAEA

Learning from Your Colleagues? Theory and Evidence (O3)

Presiding: EDWARD GLAESER, Harvard University

HAN KIM, ADAIR MORSE, University of Michigan, and LUIGI ZINGALES, University of Chicago--Are Elite Universities Losing Their Competitive Edge?

PIERRE AZOULAY, Massachusetts Institute of Technology, JOSHUA ZIVIN, Columbia University, and JIALAN WANG, Massachusetts Institute of Technology--Superstar Extinction: The Effect of Coauthor Death on Research Productivity in the Academic Life Sciences

ETTORE DAMIANO, HAO LI, University of Toronto, and WING SUEN, University of Hong Kong--First in Village or Second in Rome

Discussants: ANTONIO CICCONE, University of Pompeu FabraBRONWYN HALL, University of California-Berkeley and Maastricht UniversityDANIEL HAMERMESH, University of TexasLUIS GARICANO, University of Chicago

Discussants: DALIA MARIN, University of MunichGERALD WILLMANN, University of Kiel and University of OtagoDEAN YANG, University of MichiganGIOVANNI PERI, University of California-Davis

Jan. 4, 10:15 amAEA

Charitable Contributions--Theory and Experimental Evidence (H4)

Presiding: JOHN LIST, University of Chicago

LISE VESTERLUND, University of Pittsburgh, MARK WILHELM, Indiana University Purdue University-Indianapolis, and HUAN XIE, University of Pittsburgh--An Experimental Test of the Impure Altruism Model of Giving

RACHEL CROSON, University of Texas-Dallas, FEMIDA HANDY, University of Pennsylvania, and JEN SHANG, Indiana University--Keeping Up with the Joneses: The Relationship between Norms, Social Information and Subsequent Charitable Giving

WILLIAM HARBAUGH, ULRICH MAYR,University of Oregon, and DAN BURGHART, New York University--Neural Responses to Taxation and Voluntary Giving Reveal Motives for Charitable Donations

ANDREAS LANGE and ANDREW STOCKING, University of Maryland--On the Dynamics of Charitable Fundraising

Inferring Labor Income Risk from Economic Choices: New Developments (D9)

Presiding: JAMES HECKMAN, University of Chicago

SALVADOR NAVARRO, University of Wisconsin-Madison--A Reconsideration of the Importance of Borrowing Constraints, Uncertainty and Preferences in College Attendance Decisions: Using Observed Choices to Infer Agent's Information

FATIH GUVENEN, University of Texas-Austin, and ANTHONY SMITH, Yale University--Inferring Labor Income Risk from Economic Choices: An Indirect Inference Approach

RICHARD BLUNDELL, University College London, HAMISH LOW, University of Cambridge, and IAN PRESTON, University College London--Decomposing Income Risk Using Consumption and Income Data

Discussants: GIANLUCA VIOLANTE, New York UniversityROBERT MOFFITT, Johns Hopkins University

Jan. 4, 10:15 amAEA

Salience and Taxation (H2)

Presiding: AMY FINKELSTEIN, Massachusetts Institute of Technology

RAJ CHETTY, University of California-Berkeley, ADAM LOONEY, Federal Reserve Board, and KORY KROFT, University of California-Berkeley--Salience and Taxation: Theory and Evidence

Discussants: KEITH MASKUS, University of Colorado PENNY GOLDBERG, Princeton University

Jan. 4, 10:15 amAEA

Political Economy in Developing Countries: Evidence from India

Presiding: PADMA DESAI, Columbia University

RAJASHRI CHAKRABARTI, Federal Reserve Bank of New York, and JOYDEEP ROY, Georgetown University and Economic Policy Institute--Gains from a Redrawing of Political Boundaries: Evidence from State Reorganization in India

NANDINI KRISHNAN, Boston University--Political Reservations and Rural Public Good Provision

Discussants: JEFFREY WURGLER, New York University YANIV GRINSTEIN, Cornell University ANZHELA KNYAZEVA, New York University GORDON PHILLIPS, University of Maryland

Jan. 4, 10:15 amAREUEA

Housing Market Dynamics (R3)

Presiding: MORRIS DAVIS, University of Wisconsin

STUART GABRIEL, University of California-Los Angeles, CHRISTIAN L. REDFEARN, University of Southern California, and RICHARD K. GREEN, George Washington University--Fundamentals, Financial Innovations, and Constraints: A Taxonomy of Metropolitan House Price Dynamics

Discussants: EVELYN FORGET, University of ManitobaROBERT PRASCH, Middlebury College

Jan. 4, 10:15 amAERE

Land Use Change, Urban Sprawl, and Open Space (Q2)

Presiding: MARGARET WALLS, Resources for the Future

ELENA SAFIROVA, WINSTON HARRINGTON, SÉBASTIEN HOUDE, and CONRAD COLEMAN, Resources for the Future--Can Infill Fill the Gap? Evaluating Urban Growth Management Policies in a General Equilibrium Model of Land Use and Transportation

JORDAN SUTER, NELSON L. BILLS, DAVID L. KAY, and GREGORY L. POE, Cornell University--Assessing the Impact of Open Space on Residential Property Values in Urban, Suburban and Rural Areas: A Hedonic Pricing Study in Upstate New York

GUILLAUME FRECHETTE, New York University, JOHN KAGEL, and MASSIMO MORELLI, Ohio State University--Pork Versus Public Goods: An Experimental Study of Public Good Provision Within a Legislative Bargaining Framework

JENS GROSSER, Florida State University, and THORSTEN GIERTZ, University of Cologne--Candidates, Voters, and Endogenous Group Formation: An Experimental Study

JASON JOHNSTON, University of Pennsylvania, and MICHAEL FAURE, Maastricht University--Fashioning Entitlements: A Comparative Law and Economic Analysis of the Judicial Role in Environmental Centralization in the US and Europe

JONATHAN KLICK, Florida State University, BRUCE KOBAYASHI, George Mason University, and LARRY RIBSTEIN, University of Illinois--The Effect of Contract Regulation: The Case of Franchising

GARY D. LIBECAP, University of California-Santa Barbara, and DEAN LUECK, University of Arizona--Controlled versus Indiscriminate Property Demarcation: The Economic Effects of the Rectangular Survey

ANUP MALANI University of Chicago--Expectation of Future Laws

Jan. 4, 10:15 amLERA

Labor Market Consequences of Organizational Change

Presiding: ANN BARTEL, Columbia University

MARIA GUADALUPE, Columbia University--The Demand for Talent Evidence from the Market for CEOs

ALEXANDRE MAS, University of California-Berkeley--The Dynamics of Social Interactions in the Workplace

Discussants: KEVIN HALLOCK, Cornell University STEPHANIE LLUIS, University of Waterloo

Jan. 4, 10:15 amLERA

Employee Voice and Participation in Organizations: New Approaches and Perspectives

Presiding: PAUL J. GOLLAN, London School of Economics and Macquarie University, Sydney

JOHN W. BUDD, University of Minnesota, and STEFAN ZAGELMEYER, International University of Applied Sciences Bad Honnef-Bonn--Employee Voice is Not a Purely Private Affair: Public Policy Rationales and Initiatives in Support of Employee Participation

Discussants: AL CAMPBELL, University of Utah REMY HERRERA, University of Paris I

Jan. 4, 10:15 amURPE

Toward a Political Economy of Stratification (J3)

Presiding: AJIT ZACHARIAS, Levy Economics Institute of Bard College

WILLIAM DARITY, JR., University of North Carolina-Chapel Hill--Stratification Economics: The Role of Intergroup Inequality

MELISSA MAHONEY, Levy Economics Institute of Bard College and New School for Social Research, and AJIT ZACHARIAS, Levy Economics Institute of Bard College--Gender Disparities in Employment and Aggregate Profitability in the United States

RASHMITA BASU and ROBERT ROSENMAN, Washington State University--Role of Healthy Lifestyle on Individual Decision Making for Disease Prevention: Implications for Government Policy on Alzheimer's Disease

JASON DELANEY and PAUL J. FERRARO, Georgia State University--Is Information News? A Reassessment of the Impact of the Toxics Release Inventory on Firm Value

HAMID HOSSEINI, King's College--Rawlsian Ethics versus Utilitarianism: How Can the Global Economic Structure Become More Just?

OZLEM L. SARI, TUBITAK -- The Scientific and Technological Council of Turkey--Multicultural Sentiment and Anti-Immigrant Policies: Explaining Exclusionist Policy Orientations in Western European Countries

LISA MAGNANI, University of New South Wales--Global Public Goods and Public Policy. Understanding the Effect of Demographic Trends and Labour Market Institutions on the Demand for Public Environmental Protection

NICHOLAS POWERS, University of Michigan, ALLEN BLACKMAN, Resources for the Future, THOMAS LYON, University of Michigan, and URVASHI NARAIN, Resources for the Future--Does Public Disclosure Reduce Pollution? Evidence from India's Pulp and Paper Industry

Discussants: KAREN PALMER, Resources for the FutureWAYNE GRAY, Clark UniversityTHOMAS LYON, University of MichiganJOSHUA LINN, University of Illinois- Chicago

Jan. 4, 12:30 pmCES

Microeconomics of Economics Development (O1)

Presiding: XIAO-YUAN DONG, University of Winnipeg

HUIYA CHEN, University of California-Davis and Reed College, and DEBORAH L. SWENSON, University of California-Davis and NBER--Multinational Firms and New Chinese Export Transactions

FENG-LIAN DU, Inner Mongolia University, and XIAO-YUAN DONG, University of Winnipeg--Why Women Have Longer Unemployment Durations than Men in Post-restructuring Urban China

YOUNGJUN CHEN, Renmin University of China and Johns Hopkins University--Antitrust and Regulation: The Experience of U.S. and Its Implications for China

XIAOQIANG CHENG, University of Leuven, and HANS DEGRYSE, CentER, Tilburg University, and TILEC, University of Leuven--Informational Barriers and Credit Rationing in the Market for Credit Cards

ESTHER DUFLO, Massachusetts Institute of Technology, MICHAEL KREMER, Harvard University and JONATHAN ROBINSON, Princeton University--Why Are Farmers Not Using Fertilizer? Evidence from Field Experiments in Western Kenya

ABHIJIT BANERJEE, Massachusetts Institute of Technology, and SENDHIL MULLAINATHAN, Harvard University--Climbing Out of Poverty: Long Term Decisions under Income Stress

ERNST FEHR, University of Zurich, KARLA HOFF, World Bank, and MAYURESH KSHETRAMADE, Affinnova Inc.--Norm Enforcement under Social Discrimination: An Experimental Investigation in India

Discussants: ELDAR SHAFIR, Princeton UniversityCOLIN CAMERER, Caltech

Jan. 4, 2:30 pmAEA

Labor Market Flows

Presiding: ROBERT SHIMER, University of Chicago

BARBARA PETRONGOLO and CHRISTOPHER PISSARIDES, London School of Economics--The Ins and Outs of European Unemployment

STEVEN DAVIS, University of Chicago--The Decline of Job Loss

ROBERT SHIMER, University of Chicago--Accounting for Labor Market Flows

SUMIT AGARWAL, Federal Reserve Bank of Chicago, SOUPHALA CHOMSISENGPHET, Office of the Comptroller of the Currency, CHUNLIN LIU, University of Nevada-Reno, and NICHOLAS SOULELES, University of Pennsylvania--Relationship Lending and Bankruptcy: Evidence from the Consumer Credit Market

SHANKHA CHAKRABORTY, University of Oregon, CHRIS PAPAGEORGIOU, International Monetary Fund, and FIDEL PEREZ-SEBASTIAN, University of Alicante, Spain--Diseases and Development

ROMERO ROCHA, Pontifícia Universidade Católica do Rio de Janeiro, and RODRIGO SOARES, University of Maryland and NBER--Direct and Indirect Impacts of Community Based Health Interventions: Evidence from Brazil's Family Health Program

JAMES FEYRER, Dartmouth College, DIMITRA POLITI, Brown University, and DAVID WEIL, Brown University and NBER--The Economic Effects of Micronutrient Deficiency: Evidence from Salt Iodization in the United States

ERIC P. BETTINGER, Case Western Reserve University, and BRIDGET TERRY LONG, Harvard University--Racial Gaps in College Preparation: Exploring the Role of Postsecondary Remediation Using a Regression-Discontinuity Approach

Discussants: KERWIN CHARLES, University of ChicagoMARK LOPEZ, University of MarylandCHARLES CLOTFELTER, Duke University

SUQIN GE, Virginia Tech, and FANG YANG, State University of New York-Albany--Marriage, Intergenerational Schooling Effect, and Gender Gap in College Attainment

JENNIFER THACHER, MELISSA BINDER, JANIE CHERMAK, and KATE KRAUSE, University of New Mexico--Faculty Compensation and Preferences: Can Differences in Job Preferences Help Explain Why Men and Women are Paid Differently?

DAVID BECKER, University of Alabama-Birmingham, KENNETH CHAY, University of California-Berkeley and Brown University, and SHAILENDER SWAMINATHAN, University of Alabama-Birmingham--Mortality and the Baseball Hall of Fame: An Investigation into the Role of Status in Life Expectancy

Discussants: MICHAEL ANDERSON, University of California-Berkeley JOHN DINARDO, University of Michigan CARLOS DOBKIN, University of California-Santa Cruz JUSTIN MCCRARY, University of Michigan

KARL V. LINS, University of Utah, HENRI SERVAES, London Business School, and PETER TUFANO, Harvard Business School--What Drives Corporate Liquidity? International Evidence from Survey Data on Strategic Cash and Lines of Credit

Discussants: GREGOR MATVOS, University of ChicagoGUSTAVO MANSO, Massachusetts Institute of Technology HEITOR ALMEIDA, New York University

ROJHAT BERDAN AVSAR, University of Utah--Neoliberal Autonomy: A Critical Analysis of the "Ownership Society" Rhetoric

BARBARA E. HOPKINS, Wright State University--Class and Gender Bias among the Religious Right and the Rationalization of Inequality

JOHN WISMAN, American University--The Role of Religion and Economic Science in Legitimating Inequality

Discussant: JOHN TIEMSTRA, Calvin College

Jan. 4, 2:30 pmAERE

Technologies and Trade-offs (Q5)

Presiding: IAN W.H. PARRY, Resources for the Future

DAVID POPP, Syracuse University, and RICHARD NEWELL, Duke University--Where Does Energy R&D Come From? A First Look at Crowding Out from Environmentally-Friendly R&D

TIMO GOESCHL and GRISCHA PERINO, University of Heidelberg--On Backstops and Boomerangs: Environmental R&D under Technological Uncertainty

SJAK SMULDERS, University of Calgary, and CORRADO DI MARIA, University College Dublin--Endogenous Technological Change and the Cost of Environmental Policy

ERIN BAKER, University of Massachusetts-Amherst, LEON CLARKE, University of Maryland-College Park, and EKUNDAYO SHITTU, University of Massachusetts-Amherst--Technical Change and the Marginal Cost of Abatement

BROOKS B. HULL, University of Michigan-Dearborn, and JODY LIPFORD, Presbyterian College--Free Riding, Market Structure, and Member Commitment in South Carolina Churches

JONATHAN GRUBER, Massachusetts Istitute of Technology and NBER and DANIEL M. HUNGERMAN, University of Notre Dame--The Church vs. The Mall: What Happens When Religion Faces Increased Secular Competition?

SASCHA O. BECKER, LMU Munich, CESifo and IZA, KAROLINA EKHOLM, Stockholm University, CEPR and CESifo, and MARC-ANDREAS MUENDLER, University of California-San Diego and CESifo--Offshoring and the Onshore Composition of Occupations, Tasks and Skills

RONALD DAVIES, University of Oregon, PEHR-JOHAN NORBACK, Research Institute of Industrial Economics, Stockholm, and AYCA TEKIN-KORU, Oregon State University--Effects of Bilateral Tax Treaties on the Export Intensity of Foreign Affiliates

Discussants: COSTAS ARKOLAKIS, University of Minnesota and Yale UniversityTHOMAS CHANEY, University of Chicago

Jan. 4, 2:30 pmES

Information Economics (D8)

Presiding: STEVEN MATTHEWS, University of Pennsylvania

CHARLES BLACKORBY and DEZSÖ SZALAY, University of Warwick--Multidimensional Screening, Affiliation, and Full Separation

CRAIG LANDRY, East Carolina University, ANDREAS LANGE, University of Maryland, JOHN A. LIST, University of Chicago, MICHAEL K. PRICE, University of Nevada-Reno, and NICHOLAS RUPP, East Carolina University--A Hidden Cost of Incentives: Evidence from a Natural Field Experiment

Jan. 4, 2:30 pmHERO

Health Care Reform in the 2008 Election: A Political Economic Perspective

LEE BADGETT, University of Massachusetts-Amherst and University of California-Los Angeles-- Why Marry? Evidence from Same-Sex Couples in Europe on the Impact of Financial Incentives on the Marriage Decision

CHRISTOPHER JEPSEN, University of Kentucky, and LISA JEPSEN, University of Northern Iowa--Does Homeownership Vary by Sexual Orientation?

CHRISTOPHER CARPENTER, University of California-Irvine--Sexual Orientation, Work, and Income in Canada

MARIEKA KLAWITTER, University of Washington--The Effects of Sexual Orientation and Marital Status on How Couples Hold Their Money

Discussants: SHOSHANA GROSSBARD, San Diego State UniversityMARTA MURRAY-CLOSE, University of MichiganMICHAEL STEINBERGER, Pomona CollegeSHELLY LUNDBERG, University of Washington

Jan. 4, 2:30 pmIEFS

Are International Frictions Helpful in Resolving Open Economy Macroeconomic Puzzles?

Presiding: MARIO J. CRUCINI, Vanderbilt University

PATRICK J. KEHOE, Federal Reserve Bank of Minneapolis and University of Minnesota, and VIRGILIU MIDRIGAN, Federal Reserve Bank of Minneapolis and New York University--Can Heterogeneity in Price Stickiness Account for the Dispersion in the Law of One Price Deviations?

JIANDONG JU, University of Oklahoma, and SHANG-JIN WEI, International Monetary Fund--Entrepreneur Heterogeneity, Financial Contact, International Trade and Capital Flows

JODY HOFF, Federal Reserve Bank of San Francisco, and JANE LOPUS, California State University-East Bay --The Effects of the Open and Operating Curriculum Program on Learning High School Economics: Alternative Assessment Strategies.

Discussants: EDWARD FOSTER, University of MinnesotaPRIYANKA SINGH, University of Texas-DallasBARRY BEN-ZION, Consulting Economist

Jan. 4, 2:30 pmNEA

Is Diversity Enough to Increase the Doctorate to Faculty Pipeline: The Influence of Earnings and Professional Development (I2)

Presiding: RHONDA VONSHAY SHARPE, University of Vermont

LISA DICKSON, University of Maryland-Baltimore County--Is Diversity Enough to Increase the Doctorate to Faculty Pipeline: The Influence of Earnings and Professional Development

CHARLES BECKER, Duke University and GREGORY PRICE, Jackson State University--Curriculum Intensity in Graduate Preparatory Programs: Impacts on Performance and Progression to Graduate Study Among Minority Students in Economics

WILLIAM DARITY, Duke University, RHONDA VONSHAY SHARPE, University of Vermont, and OMARI SWINTON, Duke University--Is There Value Added from Postdoctoral Fellowships in the Social Sciences?

CATHERINE ECKEL, PHILIP GROSSMAN, and SHERRY XIN LI, University of Texas-Dallas--Giving to Government: Voluntary Taxation in the Lab

Discussants: SUSAN LAURY, Georgia State UniversityCHRISTIAN VOSSLER, University of Tennessee-Knoxville

Jan. 4, 2:30 pmNAEFA

Central Bank Communication and Financial Markets (E5)

Presiding: BRIAN MADIGAN, Federal Reserve Board

MICHAEL EHRMANN and MARCEL FRATZSCHER, European Central Bank--Social Value of Public Information -- Testing the Limits of Transparency

DAVID-JAN JANSEN, De Nederlandsche Bank, and JAKOB DE HAAN, University of Groningen and CESifo--The Importance of Being Vigilant: How Effective has ECB Communication Been in Influencing Euro Area Inflation Expectations?

CARLO ROSA, London School of Economics, Ente Luigui Einaudi, and Institute for the World Economy, and GIOVANNI VERGA, University of Parma--What Moves Market Interest Rates: The ECB or the Fed?

MARCO CASTILLO, Georgia Institute of Technology, RAGAN PETRIE, Georgia State University, and MAXIMO TORERO, International Food Policy Research Institute--Ethnic and Social Barriers to Cooperation: Experimental Evidence of the Extent and Nature of Discrimination in Urban Peru

TOMOMI TANAKA, Arizona State University, COLIN CAMERER, California Institute of Technology, and QUANG NGUYEN, University of Hawaii--Status, Ethnicity, and Wealth in Vietnam: Evidence from Experimental Games

CHRISTIAN HELLWIG, University of California-Los Angeles--Heterogeneous Information and Business Cycle Fluctuations

WILLIAM DUPOR, Ohio State University, TOMIYUKI KITAMURA, and TAKAYUKI TSURUGA, --Do Sticky Prices Need to Be Replaced with Sticky Information?

BRUCE MCGOUGH, Oregon State University, WILLIAM BRANCH, University of California-Irvine, JOHN CARLSON, Federal Reserve Bank of Cleveland, GEORGE EVANS, University of Oregon--Adaptive Learning, Endogenous Inattention, and Changes in Monetary Policy

Discussants: LINDA WONG, State University of New York-BinghamtonMARKO TERVIÖ, University of California-BerkeleyXAVIER GABAIX, Massachusetts Institute of TechnologyGERARD PFANN, Maastricht University

Jan. 5, 8:00 amAEA

International Migration and Remittances (O1)

Presiding: DEAN YANG, University of Michigan

EDWARD MIGUEL and JOAN HAMORY, University of California-Berkeley--Individual Ability and Selection into Migration in Kenya

NAVA ASHRAF, Harvard Business School, CLAUDIA MARTINEZ, University of Chile, DEAN YANG, and DIEGO AYCINENA, University of Michigan--Remittances and the Problem of Control: A Field Experiment with Migrant Families in El Salvador and Washington, D.C.

MICHAEL KREMER, RYAN BUBB, Harvard University, and DAVID LEVINE, University of California-Berkeley--The Economics of International Refugee Law

DAVID MCKENZIE, World Bank, JOHN GIBSON, University of Waikato, and STEVEN STILLMAN, Motu Economic and Public Policy Research--The Impacts of International Migration on Remaining Household Members: Omnibus Results from a Migration Lottery Program

STEPAN JURAJDA, Center for Economic Research and Graduate Education of Charles University, Czech Republic, and KATHERINE TERRELL, University of Michigan--Regional Labor Markets and Human Capital in Transition Economies

JOHN HALTIWANGER, University of Maryland, STEFANO SCARPETTA, Organization for Economic Development and Cooperation, and HELENA SCHWEIGER, European Bank for Reconstruction--Assessing Job Flows Across Countries: The Role of Industry, Firm-size and Regulations

JIANPING DENG, University of Electronic Science and Technology of China, JIE GAN, Hong Kong University of Science & Technology, and JIA HE, Chinese University of Hong Kong--Privatization, Large Shareholders' Incentive to Expropriate, and Firm Performance

Discussants: BARBARA BUKHVALOVA, Norwegian School of Management GIANLUCA MARCATO, University of Reading DAVID FELDMAN, University of New South Wales RICHARD BUTTIMER, University of North Carolina-Charlotte

JOHN CLAPP, University of Connecticut, JYH-BANG JOU, National Taiwan University, and TAN LEE, Yuan Ze University--Hedonic Pricing with Redevelopment Options

Discussants: CARLOS SLAWSON, Louisiana State University DAVID MACPHERSON, Florida State University DAVID BRASINGTON, Louisiana State University TIMOTHY RIDDIOUGH, University of Wisconsin-Madison

Jan. 5, 8:00 amAFEE

Origins and Significance of Circular and Cumulative Causation (B5)

Presiding: JOHN F. HENRY, University of Missouri-Kansas City

JOHN HALL, Portland State University, and OLIVER WHYBROW, University of Leuven--Continuity, Continuousness, and the Chain of Ideas: Linking Peirce's Synechism and Veblen's Circular and Cumulative Causation

SEBASTIAN BERGER, University of Missouri-Kansas City--Veblen, Myrdal, and Kapp: Meaning and Application of Circular and Cumulative Causation

PHILLIP ANTHONY O'HARA, Curtin University--Circular and Cumulative Causation: A Comparison of Myrdal and Kaldor on Growth and Development Dynamics

F. GREGORY HAYDEN, University of Nebraska--Circular and Cumulative Causation and the Social Fabric Matrix

Discussants: EDWARD J. NELL, New School for Social ResearchMATHEW FORSTATER, University of Missouri-Kansas City

Jan. 5, 8:00 amAERE

Public Health Impacts of Air and Water Pollution (Q5)

Presiding: MARY EVANS, University of Tennessee-Knoxville

MARY DAVIS, University of Maine and Harvard School of Public Health, and THOMAS SMITH, Harvard School of Public Health--The Relationship between Economic Trends and Pollution Exposure in a Population of Workers Exposed to Diesel Exhaust

JOHN DUCA, Federal Reserve Bank of Dallas--Risk and the Use of Collateralized Open Market Paper During the Great Depression

KIRSTEN HEPPKE-FALK, Deutsche Bundesbank, and GUNTRAM WOLFF, Deutsche Bundesbank, University of Pittsburgh, and ZEI-University of Bonn--Moral Hazard and Bail-Out in Fiscal Federations: Evidence for the German Lander

MARC HAYFORD and A.G. MALLIARIS, Loyola University-Chicago--Financial Instabilities, Asset Bubbles, and the Role of Central Banks

JAMES WILCOX, University of California-Berkeley, and YUKIHIRO YASUDA, University of California-Berkeley and Tokyo Keizai University--Do Government Loan Guarantees Raise or Lower Non-Guaranteed Lending? The Case of Japanese Banks and Borrowers

Discussants: GARY RICHARDSON, University of California-IrvineGEORGE KAUFMAN, Loyola UniversityANDREW FILARDO, Bank for International SettlementsRAPHAEL BOSTIC, University of Southern California

Jan. 5, 8:00 amSABE

Controlled and Natural Experiments in Behavioral Economics (C9)

Presiding: MARK PRINGLE, University of Nevada-Reno

JAMES HECKMAN, University of Chicago--Controlled and Natural Experiments in Economics

HERBERT GINTIS, University of Massachusetts-Amherst--Behavioral Game Theory and Human Nature

Discussants: WALLACE OATES, University of MarylandJOSEPH HOTZ, Duke UniversityNANCY FOLBRE, University of Massachusetts

Jan. 5, 10:15 amAEA

Gender Differences in Careers, Education, and Games

Presiding: ROLAND G. FRYER, JR., Harvard University

CLAUDIA GOLDIN and LAWRENCE KATZ, Harvard University--Transitions: Career and Family Life Cycles of the Educational Elite

ROLAND G. FRYER, JR., Harvard University, and STEVEN LEVITT, University of Chicago--Understanding the Gender Gap in the First 6 Years of School

STEFFEN ANDERSEN, Copenhagen Business School, ERWIN BULTE, Wageningen Unviersity, URI GNEEZY, University of California-San Diego, and JOHN A. LIST, University of Chicago--The Economics of Matrilineal Societies: Comparing Men and Women in Simple Economic Games

ABHIJIT BANERJEE, Massachusetts Institute of Technology, SEBASTIAN GALIANI, Washington University in St Louis, JAMES LEVINSOHN, University of Michigan, and INGRID WOOLARD, University of Cape Town--Why Has Unemployment Risen in the New South Africa

SUMIT AGARWAL, Federal Reserve Bank of Chicago, SOUPHALA CHOMSISENGPHET, U.S. Office of the Comptroller of the Currency, and CHUNLIN LIU, University of Nevada, and NICHOLAS SOULELES, University of Pennsylvania--Do Consumers Choose the Right Credit Contracts?

SUMIT AGARWAL, Federal Reserve Bank of Chicago, JOHN DRISCOLL, Federal Reserve Board, XAVIER GABAIX, Massachusetts Institute of Technology, and DAVID LAIBSON, Harvard University--Stimulus and Response: The Path from Naïveté to Sophistication in the Credit Card Market

JOSEPH ALTONJI, Yale University and NBER, and MARK ROSENZWEIG, Yale University--The Determinants of the Wages and Occupations of Immigrants in the Home Country and the U.S.

RANDALL AKEE, IZA, DAVID JAEGER, College of William and Mary, University of Bonn and IZA, KONSTANTINOS TATSIRAMOS, IZA--The Persistence of Self-Employment across Borders: New Evidence on Legal Immigrants to the U.S.

Discussants: MAGNUS LOFSTROM, Public Policy Institute of CaliforniaRACHEL FRIEDBERG, Brown UniversityDAVID JAEGER, College of William and MaryMICHAEL CLEMENS, Center for Global Development

ANNAMARIA LUSARDI, Dartmouth College, and OLIVIA MITCHELL, University of Pennsylvania--Planning and Financial Literacy: How Do Women Fare?

JULIE AGNEW, LISA ANDERSON, JEFFREY GERLACH, and LISA SZYKMAN, College of William and Mary--Who Chooses Annuities? An Experimental Investigation of the Role of Sex, Information Bias and Financial Literacy

NAVA ASHRAF, Harvard Business School, DEAN KARLAN, Yale University, and WESLEY YIN, University of Chicago--Female Empowerment: Impact of a Commitment Savings Product in the Philippines

HELEN ROBERTS, University of Illinois-Chicago--Measuring the Effects of the Financial Fitness for Kids Program for Early Elementary School Students in Chicago

ROGER B. BUTTERS, Nebraska Council on Economic Education, University of Nebraska-Lincoln, and TAMMIE FISCHER, University of Nebraska-Lincoln--Establishing State Specific Benchmarks in Economic Education

Discussants: JANE LOPUS, California State University-East Bay GEORGE VREDEVELD, University of Cincinnati JAMES O'NEILL, Delaware Council on Economic Education, University of Delaware WILLIAM BOSSHARDT, Florida Atlantic University

ALBERTO HOLLY, THOMAS M. LUFKIN, University of Lausanne, EDWARD C. NORTON, University of North Carolina-Chapel Hill, and COURTNEY HAROLD VAN HOUTVEN, Duke University--Informal Care and Medical Care Utilization in Europe and the United States

Discussants: FRANCES WEAVER, Pennsylvania State University and Swiss Health Observatory LOIS SHAW, Levy Economic InstituteBARBARA SCHONE, Agency for Healthcare Research and Quality, U.S. Department of Health and Human Services, and Georgetown University

Jan. 5, 10:15 amASCE

The Cuban Economy

Presiding: CARLOS SEIGLIE, Rutgers University-Newark

ROGER BETANCOURT, University of Maryland-College Park--Human Rights and Economic Growth: Implications for a Cuban Transition

RODOLFO GONZALEZ, California State University-San Jose, and LUIS LOCAY, University of Miami--The Impact of the Revolution on Cuba's Health and Education Indices

NICOLAS SANCHEZ, College of the Holy Cross--Cuban Transitions and U.S. Interests: When Would the Benefits Converge?

Discussants: JOHN DEVEREUX, Queens CollegeARTHUR DIAMOND, University of Nebraska-Omaha

Jan. 5, 10:15 amAERE

Resource Management, Uncertainty, and Institutions (Q2)

Presiding: WOLFRAM SCHLENKER, Columbia University

NICHOLAS BROZOVIC, University of Illinois-Urbana-Champaign, and WOLFRAM SCHLENKER, Columbia University--Resilience, Uncertainty, and the Role of Economics in Ecosystem Management

SHUBHAYU SAHA, ERIN SILLS, North Carolina State University, SUBHRENDU PATTANAYAK, Research Triangle Institute, and JILL CAVIGLIA-HARRIS, Salisbury University--Impact of Social Capital on Natural Capital: Farmer Associations, Social Interaction and Land Use Choices in the Amazon Frontier

PHILIP F. COOPER, Agency for Healthcare Research and Quality, KOSALI ILAYPERUMA SIMON, Cornell University, and GINGER Z. JIN, University of Maryland--Impact of State Regulations on Self-Insurance of Health Benefits, 1997-2004

JUN-KOO KANG, Michigan State University, INMOO LEE, National University of Singapore and HYUN-SEUNG NA, University of California-Riverside--Economic Shock, Owner-Manager Incentives, and Corporate Restructuring: Evidence from the Financial Crisis in Korea

JOO HA NAM, Sogang University, and KY-HYANG YUHN, Florida Atlantic University--Determinants of Investment by Large Business Groups: A Test of the Hoshi-Kashap-Scharfstein Proposition for the Korean Chaebol

WOOK SOHN, KDI School of Public Policy and Management--Banking Relationships and Conflicts of Interest: Evidence from the Korean Bank Reform

BRIAN MCDONALD, Economic Consultant--Loss of Enjoyment of Life Damages in New Mexico

TED MILLER, Pacific Institute for Research and Evaluation--Hedonic Damages: Were the Crippling Blows Well-Founded?

W. KIP VISCUSI, Vanderbilt Law School--Why Lives Have Different Values

JOHN O. WARD, University of Missouri-Kansas City--Time Use Valuation as an Alternative to Lost Enjoyment of Life Measures in Calculating Wrongful Death Damages

Jan. 5, 10:15 amNEA

Political Economy of Recovery from Katrina: Comparative Perspectives (D6)

Presiding: WILLIAM SPRIGGS, Howard University

RODNEY GREEN, Howard University, and BEVERLY WRIGHT, Dillard University--The Political Economy of Non-Government versus Government Recovery Intervention in New Orleans in the Wake of Katrina

CHARLES BETSEY, Howard University and MARGARET C. SIMMS, Joint Center for Political and Economic Studies--People and Jobs: Employment Prospects for New Orleans Residents in the Aftermath of Hurricane Katrina

HEIDI HARTMANN and AVIS JONES-DEWEEVER, Institute for Women's Policy Research--In the Eye of the Storm: Examining the Effects of Hurricane Katrina on the Women of New Orleans and the Gulf Coast

AVNER GREIF, Stanford UniversitySIMON JOHNSON, Massachusetts Institute of Technology and International Monetary FundFREDERIC PRYOR, Swarthmore CollegeYINGYI QIAN, University of California-BerkeleyGERARD ROLAND, University of California-BerkeleyMARINA ROSSER, James Madison University

Jan. 5, 12:30 pmAFEE

Evaluating a Newly-Edited Old-Economics Contribution: John Fagg Foster on Value and Science (B3)

Presiding: WOLFRAM ELSNER, University of Bremen

WILLIAM WALLER, Hobart and William Smith Colleges--The Unreasonable Society: Foster and the Limits of Instrumental Valuation

LEAH PLATT BOUSTAN, University of California-Los Angeles, and ROBERT MARGO, Boston University--Going Postal: What Black Employment in the Postal Service Reveals About the Increasing Cost of Residential Segregation, 1940-2000

FELIPE TÅMEGA FERNANDES, London School of Economics--The U.S. and British Struggle for Rubber: A Quantitative Approach, 1870-1910

MILES MATTSON and DRUSILLA BROWN, Tufts University--Access to Essential Medicine: The Impact of TRIPS

JOSEPH PELZMAN, George Washington University, and AMIR SHOHAN, Ben Gurion Unviersity of the Negev--U.S. Bilateral Regional Agreements: The Negative Welfare Effects of Multiplicity in Country of Origin Rules

DON P. CLARK, University of Tennessee--Vertical Specialization with Developed and Developing Countries

Discussants: ARNAB K. BASU, College of William and MaryKATHLEEN REES, Texas A&M University-KingsvilleWENDY TAKACS, University of Maryland-Baltimore CountyJUDITH DEAN, U.S. International Trade Commission

ROBERT BROWN, U.S. Bureau of Economic Analysis--The Feasibility of Producing Personal Income to Adjusted Gross Income (PI-AGI) Reconciliations by State

MARK LEDBETTER, U.S. Bureau of Economic Analysis--An Analytical Framework to Understanding Conceptional Differences between the BEA Measure of Personal Income and the IRS Measure of Adjusted Gross Income

JOHN PELOQUIN and THOMAS F. STINSON, Minnesota Department of Finance--Pointing with a Blunt Stick: Selected Topics in Forecasting Minnesota Income Tax Revenues

PHIL KING, Canadian Department of Finance--Methodology of Forecasting Canadian Personal Income Tax Revenues with Microsimulation Models and National Account Estimates

KATHARINE G. ABRAHAM, University of Maryland, JOHN C. HALTIWANGER, University of Maryland and U.S. Census Bureau, and KRISTIN SANDUSKY, U.S. Census Bureau, and JAMES SPLETZER, U.S. Bureau of Labor Statistics--Household vs. Establishment Measures of Employment: Problems in Measuring Self-employment and Job Changing, and the Role of Multiple Jobs

OSMAN GULSEVEN, North Carolina State University--Learning Economics with Games

HOLLY FRETWELL, Montana State University, NOREEN LEPHARDT, Marquette University, and ROBERT REINKE, South Dakota Council on Economic Education, University of South Dakota--Economics and the Environment

YELENA F. TAKHTAMANOVA, Federal Reserve Bank of San Francisco--FRBSF University Symposium Program

MIKE ALLGRUNN, DAVID CARR, University of South Dakota, and ROBERT REINKE, South Dakota Council on Economic Education, University of South Dakota--Teaching Resource Allocation: Markets, Lotteries, and Arbitrage

TOBIAS MÜHLHOFER, Indiana University--They Would If They Could: Assessing the Bindingness of the Property Holding Constraints for REITs

KATHY HUNG, California State University-East Bay, ZHAN ONAYEV, State Street Global Advisors, and CHARLES TU, University of San Diego--Time-Varying Diversification Effect of Real Estate in Institutional Portfolios: When Alternative Assets Are Considered

Discussants: SEOW-ENG ONG, National University of Singapore JAY HARTZELL, University of Texas-Austin NURAY GUNER, Middle East Technical University WALTER BOUDRY, University of North Carolina-Chapel Hill CROCKER LIU, Arizona State University

Jan. 5, 2:30 pmAREUEA

Housing Affordability (R2)

Presiding: MARSHA J. COURCHANE, CRA International

PIET EICHHOLTZ and THIES LINDENTHAL, Maastricht University--Demographic Change and the Demand for Housing: British Evidence

MICHAEL CARROLL, Bowling Green State University, and JAMES RONALD STANFIELD, Colorado State University and Bowling Green State University--Toward Sustainable Adaptive Efficiency in Thomas Friedman's Flat World

FRANKLIN ALLEN, University of Pennsylvania, RAJESH CHAKRABARTI, SANKAR DE, Indian School of Business, JUN QIAN, Boston College, and MEIJUN QIAN, National University of Singapore--Comparing the Financial Systems of China and India

REENA AGGARWAL, Georgetown University, ISIL EREL, RENE STULZ, Ohio State University, and ROHAN WILLIAMS, Georgetown University--Do U.S. Firms Have the Best Corporate Governance? A Cross-Country Examination of the Relation between Corporate Governance and Shareholder Wealth

Discussants: RAGHURAM RAJAN, University of ChicagoJOSEPH FAN, Chinese University of Hong KongSUGATO BHATTACHARYYA, University of MichiganSTIJN CLAESSENS, International Monetary Fund

Jan. 5, 2:30 pmAIES

Trade Related Issues, II (F2, F3, F4)

Presiding: SURESH DESAI, Montclair State University

SUHAS KETKAR, Vanderbilt University--Magnifying the Development Impact of Remittances

RAM UPENDRA DAS, Research and Information System for Developing Countries, and MEENAKSHI RISHI, Seattle University--Two-Way Linkages between Trade and Financial Liberalization

ATRAYEE GHOSH ROY, Minnesota State University, and HENDRIK VAN DEN BERG, University of Nebraska--Trade and Indian Economy

SUSHANTA MALLICK and HELENA MARQUES, University of London--Pass-Through of Exchange Rate and Tariffs into Import Prices of India

CHAITRAM TALELE, Columbia State College--Economic Analysis of Non-tariff Barriers in International Trade

SUDHANVA CHAR, Life University--India, China and the U.S. during the Next Ten Years

Discussants: SANDWIP K. DAS, University of California-Riverside SAURAV BATABYAL, University of Wisconsin-Milwaukee SHAILENDRA GAJANAN, University of Pittsburgh GOVINDA KOIRALA, University of Rio Grande PARUL JAIN, Standards and Poor

M. KABIR HASSAN and JUNG-SUK YU, University of New Orleans--Rational Speculative Bubbles: An Empirical Investigation of the Middle East and North African (MENA) Stock Markets

ADEL BOUGHRARA, University of Sousse--The Importance of the Bank Lending Channel in Tunisia

MOHAMED CHAFFAI, University of Sfax, and MICHEL DIETSCH, University of Strasbourg -- The Price of Bad Loans: An International Banking Comparison

Discussants: ALI DARRAT, Louisiana Tech UniversityNAEEM MUHAMMAD, University of WollongongGEORGIOS CHORTAREAS, University of EssexVUSLAT US ALIOGLU, Central Bank of the Republic of TurkeySAMY BEN NACEUR, University of Tunis Carthage

DAVID SCHAP, College of the Holy Cross, and STEVEN J. SHAPIRO, University of New Haven, and CAITLIN STREET, College of the Holy Cross--Assessing Economic Damages in Personal Injury and Wrongful Death Litigation: The State of Rhode Island

ROBERTO BILLI, Federal Reserve Bank of Kansas City--Optimal Inflation for the U.S.

RHYS MENDES, Bank of Canada--Information, Expectations and the Business Cycle

AQIB ASLAM, University of Cambridge, LUISA CORRADO, University of Rome Tor Vergata and University of Cambridge, and SEAN HOLLY, University of Cambridge--Solution of DSGE Models Through Persistent Excitation

MICHEL JUILLARD, Paris School of Economics--DYNARE: A Toolbox for the Solution and Estimation of DSGE Models

JOSHUA ANGRIST, Massachusetts Institute Of Technology, DANIEL LANG, and PHILIP OREOPOULOS, University of Toronto--Lead Them to Water and Pay Them to Drink: An Experiment with Services and Incentives for College Achievement

CECILIA ROUSE, Princeton University--The Effect of Financial Incentives on Community College Attainment: Evidence from Opening Doors

GREGORY CLARK, University of California-Davis, KEVIN H. O'ROURKE, Trinity College, Dublin, and ALAN M. TAYLOR, University of California-Davis--Made in America? The Industrial Revolution and the New World

ROBERT ROWTHORN, RAMANAN LAXMINARYAN, and CHRISTOPHER GILLIGAN, University of Cambridge--Optimal Control of Epidemics in Metapopulations

FLAVIO TOXVAERD, University of Cambridge--The Dynamics of Decentralized Treatment

Discussants: TOMAS PHILIPSON, University of Chicago

Jan. 6, 8:00 amAEA

Health and Economic Outcomes: Linkages across the Life Cycle (I1)

Presiding: HOYT BLEAKLEY, University of Chicago

JOSEPH FERRIE, Northwestern University, KAREN ROLF, University of Nebraska, and WERNER TROESKEN, University of Pittsburgh--"On the Street Where You Live": Effects of a Child's Neighborhood on Later Life Outcomes

HANNO LUSTIG, University of California-Los Angeles, STIJN VAN NIEUWERBURGH, New York University, and ADRIEN VERDELHAN, Boston University--The Role of the Wealth-Consumption Ratio in Leading Asset Pricing Models

Discussants: RICARDO COLACITO, University of North Carolina-Chapel HillDANA KIKU, University of PennsylvaniaLARS P. HANSEN, University of Chicago

Jan. 6, 8:00 amAEA

Product Markets and Corporate Finance (G3)

Presiding: DALIDA KADYRZHANOVA, University of Maryland

GERARD HOBERG, University of Maryland, and GORDON PHILLIPS, University of Maryland and NBER--Real and Financial Industry Booms and Busts

RICHMOND MATHEWS and DAVID ROBINSON, Duke University--Market Structure, Internal Capital Markets, and the Boundaries of the Firm

MICHAEL DEVEREUX, University of British Columbia, and ALAN SUTHERLAND, University of St. Andrews--Country Portfolio Dynamics

NICOLAS COEURDACIER, ESSEC and Paris School of Economics, ROBERT KOLLMANN, ECARES, Free University of Brussels, and PHILIPPE MARTIN, University of Paris 1 and Paris School of Economics--Return Volatility and International Portfolio Choice

ITAY GOLDSTEIN, University of Pennsylvania, ASSAF RAZIN, Tel Aviv University and Cornell University, and HUI TONG, International Monetary Fund--Portfolio Balance and Reversals of International Capital Stocks: Differences Across Debt and Equity Capital

CLAUDIA OLIVETTI, Boston University, and BARBARA PETRONGOLO, London School of Economics--Gaps across Skills: Selection or Inequality?

ALESSANDRA FOGLI and LAURA VELDKAMP, New York University--Learning and Female Labor Force Participation

JOHN KNOWLES, University of Pennsylvania, MELISSA TARTARI, Yale University, and PETRA TODD, University of Pennsylvania--Explaining Wealth and Consumption Variation over the Life-Cycle and Across Households: A Dynamic Model of Labor Supply, Savings and Fertility

Discussants: To be announced.

Jan. 6, 8:00 amAEA

Social Capital, Risk Sharing, and Development

Presiding: SEBNEM KALEMLI-OZCAN, University of Houston and NBER

AIMEE CHEN, SEBNEM KALEMLI-OZCAN and BENT SORENSEN, University of Houston and NBER--Social Capital and Risk Sharing: Evidence from the U.S.

LUIGI GUISO, European University Institute and CEPR, PAOLA SAPIENZA, Northwestern University and CEPR, and LUIGI ZINGALES, University of Chicago and NBER and CEPR--Testing Putnam

Discussants: RAQUEL FERNANDEZ, New York University and NBERFRANCESCO GIAVAZZI, University of Bocconi, NBER, and CEPRMARK SPIEGEL, Federal Reserve Bank of San FranciscoCHRISTOPHER UDRY, Yale University and NBER

Discussants: STUART GABRIEL, University of California-Los Angeles DESMOND TSANG, McGill UniversityTHOMAS DAVIDOFF, University of California-BerkeleyGERD WELKE, Baruch College, City University of New York

ALAN AUERBACH, ERIC CHANEY, University of California-Berkeley, and KEVIN HASSETT, American Enterprise Institute--Dividend Taxes, Partial Expensing and Business Fixed Investment: The Case of the Bush Tax Cuts

Discussants: LIRAN EINAV, Stanford University ALI HORTACSU, University of Chicago PATRICK BAJARI, University of Minnesota

Jan 6, 10:15 amAEA

The Economics of Teams and Groups

Presiding: ERNESTO REUBEN, Northwestern University

MICHAEL BRADY and STEVEN WU, Ohio State University-- Teams and Social Preferences

TAKAO KATO, Colgate University, and PIAN SHU, Massachusetts Institute of Technology--Performance Spillovers and Social Network in the Workplace: Evidence from Rural and Urban Weavers in a Chinese Textile Firm

Research Frontiers and Opportunities in Environmental Economics (Panel Discussion)

Presiding: ALAN KRUPNICK, Resources for the Future

CATHERINE KLING, University of Iowa JOHN LIST, University of Chicago ANTONIO RANGEL, CalTechTHOMAS SCHELLING, University of Maryland

Jan. 6, 10:15 amAEA/AFE

Institutions and Innovation (O3)

Presiding: BERNARD YEUNG, New York University

MEGHANA AYYAGAR, Georgetown University, ASLI DEMIRGUC-KUNT, World Bank, and VOJISLAV MAKSIMOVIC, University of Maryland--Firm Innovation in Emerging Markets: The Roles of Governance and Finance

HYUNBAE CHUN, Queens College, New York, JUNG-WOOK KIM, University of Wisconsin-Madison, RANDALL MORCK, University of Alberta, and BERNARD YEUNG, New York University--Creative Destruction and Firm-Specific Performance Heterogeneity

THOMAS HELLMANN, University of British Columbia--An Economic Theory of Innovation and Inertia inside Firms

HEITOR ALMEIDA, New York University, and MURILLO CAMPELLO, University of Illinois-Urbana-Champaign--The Interplay Between Financing and Investment Decisions: Evidence from Debt and Equity Issues

THOMAS CHANEY, University of Chicago, DAVID SRAER, National Institute of Statistics and Economic Studies (INSEE), and DAVID THESMAR, HEC Paris--The Corporate Wealth Effect: From Real Estate Shocks to Corporate Investment

YONGHENG DENG, University of Southern California, and PENG LIU, University of California-Berkeley--Mortgage Prepayment and Default Behavior with Embedded Forward Contract Risks in China's Housing Market

SHANZI KE, MING HE, Hunan University, and YAN SONG, University of North Carolina-Chapel Hill--The Determinants of Urban Land Price in the Newly Formed Markets --A Cross Sectional Analysis of Chinese Cities

JIANPING MEI, Cheung Kong Graduate School of Business, and YINXUE CAO--Valuation of Real Estate Stocks in the China Equity Market

Discussants: GARY PAINTER, University of Southern California MAN CHO, KDI School SIMON FIRESTONE, University of California- Berkeley KERRY VANDELL, University of California-Irvine

Jan. 6, 10:15 amACES

Public and Military Procurement under Autocracy and Democracy (D7, N4, P5)

Presiding: MARK HARRISON, University of Warwick and Hoover Institution, Stanford University

CHRISTINA GATHMANN, Hoover Institution, Stanford University, and HENNING HILLMANN, Stanford University--From Privateers to Navy: How Sea Power Became a Public Good

JARI ELORANTA, Appalachian State University, and MARK WILSON, University of North Carolina-Charlotte--The Political Economy of Military Procurement in the West before the Second World War

MARK HARRISON, University of Warwick and Hoover Institution, Stanford University, and ANDREI MARKEVICH, University of Warwick--Quantity Versus Quality in Soviet Military Procurement under Stalin

JAEWOO LEE, International Monetary Fund--Option Pricing Approach To International Reserves

NICOLAS COEURDACIER, ESSEC Business School, ROBERT KOLLMANN, ECARES, Université Libre de Bruxelles and CEPR, and PHILIPPE MARTIN, Université de Paris I, Paris School of Economics and CEPR--International Portfolios with Demand and Supply Shocks

VADYM VOLOSOVYCH, Florida Atlantic University--Measuring Financial Market Integration Over the Long Run: Is there a U-shape?

BENT SORENSEN, University of Houston--Why Are Capital Flows between Regions So Different from Capital Flows

BRYAN S. GRAHAM and JAMES L. POWELL, University of California-Berkeley--Panel Data and Correlated Heterogeneity

YOICHI ARAI and HIDEHIKO ICHIMURA, University of Tokyo--Program Evaluation with Continuous Treatment under Monotonicity Restriction

ANDRES ARADILLAS-LOPEZ, Princeton University, and ELIE TAMER, Northwestern University--Identification Power of Rationality in Simple Games

Jan. 6, 10:15 amHERO

Understanding Socioeconomic Gradients in Health (I1, I3)

Presiding: DARIUS LAKDAWALLA, RAND Corporation and National Bureau of Economic Research

DANA GOLDMAN, RAND Corporation and National Bureau of Economic Research, and JAMES P. SMITH, RAND Corporation--Trends in the Health Returns to Schooling

AMITABH CHANDRA, Harvard University and National Bureau of Economic Research, and JONATHAN SKINNER, Dartmouth College and National Bureau of Economic Research--Who You Are and Where You Live: Socioeconomic Gradients and the Geography of Mortality

DAVID CUTLER, Harvard University and National Bureau of Economic Research, and ADRIANA LLERAS-MUNEY, Princeton University and National Bureau of Economic Research--The Education Gradient in Disability

ANGUS DEATON, Princeton University and National Bureau of Economic Research-- Health, Happiness, Aging, and Income Around the World

Discussants: TOMAS PHILIPSON, University of Chicago and National Bureau of Economic Research DARIUS LAKDAWALLA, RAND Corporation and National Bureau of Economic Research VIVIAN HO, Rice University

V. JOSEPH HOTZ, University of California-Los Angeles, and MO XIAO, University of Arizona--The Impact of Minimum Quality Standards on Firm Entry, Exit and Product Quality: The Case of the Child Care Market

MARC LAW, University of Vermont, and MINDY MARKS, University of California-Riverside--Effects Of Occupational Licensing Laws On Minorities: Evidence From the Progressive Era

ROBERT J. THORNTON and EDWARD J. TIMMONS, Lehigh University--Taking Too Much Off the Top? The Effects of State Licensing on Barbers' Earnings

Discussant: ADRIANA KUGLER, University of Houston CHARLES WHEELAN, University of Chicago

Jan. 6, 10:15 amLERA

The ISG (Mittal)/Steel Worker Partnership:Assessing the First FiveYears

Refereed Papers -- Work and Employment Relations; Collective Bargaining and Labor and Employment Law

Presiding: HOWARD STANGER, Canisius College

STEVE MCMILLAN and DEBRA L. CASEY, Pennsylvania State University-Abington--Mapping the "Invisible Colleges" of Labor Union and Collective Bargaining Research

MICHAEL LEROY and PETER FEUILLE, University of Illinois at Urbana-Champaign--An Enigma in a Puzzle: Empirical Analysis of Court Review of Employment Arbitration Awards

MALLIKA BANJEREE and PAMELA TOLBERT, Cornell University--Differences Among Nonstandard Workers and Perceived Job Security and Work Attitudes of Standard Employees

ROSE BATT and MALLIKA BANJEREE, Cornell University--How Relevant is the Field of Human Resource Studies for the 21st Century

JOHN DENCKER, University of Illinois-Urbana-Champaign--Layoffs in Structural-Historical Perspective

Jan. 6, 10:15 amNEA

Katrina: Reconstruction and Redevelopment (R1)

Presiding: WILLENE A. JOHNSON, Komaza, Inc.

KHALIL TIAN SHAHYD, University of Delaware--Capacity Development in Post-Katrina New Orleans: An International Aid Perspective

DONALD ANDREWS, SUNG C. NO, and ASHAGRE YIGLETU, Southern University and A&M College--The Influences of Socio-Economic Factors on Educational Performance for Elementary School Children in Louisiana with a Focus on New Orleans

VICTOR UKPOLO, SUNG C. NO, and ASHAGRE YIGLETU, Southern University and A&M College--Dynamic Impact Analysis of Socio-Economic Factors of Violent Crime: The Case of New Orleans?

RICHARD L. MCCLINE, Southern University and A&M College--Environmental Turbulence and Entrepreneurial Survival: Lessons Learned From Case Studies of Small and Disadvantaged Businesses in a Post Katrina Environment

DANIEL BERKOWITZ and YADVIGA SEMIKOLENOVA--Privatization with Government Control: Evidence from the Russian Oil Sector

ARTYOM DURNEV, McGill University, and LARRY FAUVER, University of Tennessee--Stealing from Thieves: Firm Governance, Transparency, and Shareholder Wealth When States are Predatory

Discussants: JULIAN ATANASSOV, University of OregonWILLIAM L. MEGGINSON, University of OklahomaANNETTE POULSEN, University of GeorgiaSTERGIOS SKAPERDAS, University of California-Irvine

Jan. 6, 12:30 pmAEA

Economic Effects of Natural Disasters (Q5)

Presiding: DEAN YANG, University of Michigan

CLAUS PÖRTNER, University of Washington--Gone with the Wind? Hurricane Risk, Fertility and Education

DEAN YANG, University of Michigan--Coping With Disaster: The Impact of Hurricanes on International Financial Flows, 1970-2002

SURESH DE MEL, University of Peradeniya, DAVID MCKenzie, World Bank, and CHRISTOPHER WOODRUFF, University of California-San Diego--Determinants of Sri Lankan Microenterprise Recovery after the Tsunami

ELIZABETH FRANKENBERG, University of California-Los Angeles, JED FRIEDMAN, World Bank, and THOMAS GILLESPIE, University of California-Los Angeles, et al--Mental Health in the Aftermath of the Tsunami: The Role of Family Loss and Exposure to Trauma

Discussants: FRANCIS ANTMAN, University of Colorado-Boulder VICTOR MATHESON, College of the Holy Cross RANDALL KUHN, University of Denver DAVID MCKENZIE, World Bank

Jan. 6, 12:30 pmAEA

Determinants of Financial Decision Making among the Poor: Risk, Impatienceand Trust (D0)

Presiding: ERIN KRUPKA, Institute for the Study of Labor (IZA)

ERIN KRUPKA, Institute for the Study of Labor (IZA--The Trouble With (Subjective) Discount Rates: What Do Patterns of Impatience among the Very Poor Tell Us?

Discussants: KAREN LEWIS, University of PennsylvaniaSEBNEM KALEMLI-OZCAN, University of HoustonADAM SZEIDL, University of California-BerkeleyADRIEN VERDELHAN, Boston University

Jan. 6, 12:30 pmAEA

Aging and Financial Markets (J1)

Presiding: JOHN DRISCOLL, Federal Reserve Board

SUMIT AGARWAL, Federal Reserve Bank of Chicago, JOHN DRISCOLL, Federal Reserve Board, XAVIER GABAIX, New York University, Princeton University and NBER, and DAVID LAIBSON, Harvard University and NBER--The Age of Reason: Financial Decisions over the Lifecycle

GEORGE KORNIOTIS, Federal Reserve Board, and ALOK KUMAR, University of Texas-Austin--Does Investment Skill Decline Due to Cognitive Aging or Improve with Experience?

Discussants: ERIK HURST, University of ChicagoSTEFANO DELLAVIGNA, University of California-BerkeleySOUPHALA CHOMSISENGPHET, Office of the Comptroller of the CurrencyVALERY POLKOVNICHENKO, University of Texas-Dallas

Jan. 6, 12:30 pmAEA

Studying Risk Preferences in Natural and Lab Experiments: The Case of Deal or No Deal (D8)

Presiding: JUNGMIN LEE, Florida International University and IZA

GLENN HARRISON, University of Central Florida, STEFFEN ANDERSEN, Centre for Economic and Business Research, Denmark, ANABELA BOTELHO, University of Minho and NIMA, Portugal, MORTEN LAU, Durham University, UK, and ELISABET RUTSTROM, University of Central Florida--Dynamic Choice Behavior: International Evidence from a Natural Experiment

DANIEL MULINO, RICHARD SCHEELINGS, ROBERT BROOKS, and ROBERT FAFF, Monash University, Australia--Is a Dollar in the Hand Worth Two in a Lottery? Risk Aversion and Prospect Theory in Deal or No Deal

CARY DECK, University of Arkansas-Fayetteville, JUNGMIN LEE, Florida International University and IZA, Germany, JAVIER REYES, University of Arkansas-Fayetteville--Explaing within Subject Risk Aversion Variation Using Psychological Measures of Risk Attitudes

Discussants: JOHN LIST, University of ChicagoSUSAN LAURY, Georgia State UniversityMORTEN LAU, Durham University, UKJAVIER REYES, University of Arkansas-Fayetteville

Jan. 6, 12:30 pmAEA

Twenty Years of the Survey of Income and Program Participation: Past,Present and Future (J0)

JAMES POTERBA, Massachusetts Institute of Technology, STEVEN VENTI, Dartmouth College, and DAVID WISE, Harvard University--The Effect of Demographic Change on Pension Participation and Pension Assets in the Future

Discussants: DAVID JOHNSON, U.S. Census BureauJOSEPH HOTZ, Duke University

Jan. 6, 12:30 pmAFA

Investing in Hedge Funds and Hedge Fund Investments

Presiding: TARUN RAMADORAI, University of Oxford

DORON AVRAMOV, University of Maryland, ROBERT KOSOWSKI, Imperial College London, NARAYAN Y. NAIK, London Business School, and MELVYN TEO, Singapore Management University--Investing in Hedge Funds when Returns are Predictable

JOHN M. GRIFFIN and JIN XU, University of Texas-Austin--How Smart are the Smart Guys? A Unique View from Hedge Fund Stock Holdings

Discussants: LUIS VICEIRA, Harvard Business School ANDREW PATTON, London School of Economics & Political ScienceRUSSELL WERMERS, University of Maryland

Jan. 6, 12:30 pmAFA

Financial Structure

Presiding: JOSHUA RAUH, University of Chicago

ULF AXELSON, Swedish Institute for Financial Research, TIM JENKINSON, University of Oxford, PER JOHAN STRÖMBERG, Swedish Institute for Financial Research, and MICHAEL S. WEISBACH, University of Illinois-Urbana-Champaign--The Financing of Large Buyouts: an Empirical Analysis

MARKUS GLASER, University of Mannheim, PHILIPP SCHÄFERS, WestLB, and MARTIN WEBER, University of Mannheim--Managerial Optimism and Corporate Investment: Is the CEO Alone Responsible for the Relation?

ULRIKE MALMENDIER, University of California-Berkeley and JOSHUA LERNER, Harvard Business School--With a Little Help from My (Random) Friends: Peer Effects and Early-Career Entrepreneurship at Harvard Business School

Discussants: GITA GOPINATH, Harvard University ANDREY UKHOV, Indiana University-Bloomington CRAIG BROWN, City University of New York, Baruch College BRAHIMA COULIBALY, Government of the United States of America

Jan. 6, 12:30 pmAFA

Information Frictions and International Finance

Presiding: LAURA VELDKAMP, New York University

ANNA PAVLOVA, London Business School, and ROBERTO RIGOBON, Massachusetts Institute of Technology--The Role of Portfolio Constraints in the International Propagation of Shocks

ITAY GOLDSTEIN, University of Pennsylvania, EMRE OZDENOREN, and KATHY ZHICHAO YUAN, University of Michigan-Ann Arbor--Information Aggregation in Currency Attacks

Discussants: TIEN SING, National University of Singapore SAM CHANDAN, Reis, Inc. DOUGLAS KRUPKA, IZA DAVID BRASINGTON, Louisiana State University

Jan. 6, 12:30 pmAFEE

Development, Ecology, and Disembeddedness (O1)

Presiding: RICHARD V. ADKISSON, New Mexico State University

RICHARD L. BRINKMAN and JUNE E. BRINKMAN, Portland State University--Globalization and the Nation State: Dead or Alive

MARIO CIMOLI, United Nations' Economic Commission for Latin America and the Caribbean, James H. Street Latin American Scholar, and SEBASTIAN ROVIRA, United Nations Economic Commission for Latin America and the Caribbean--Elites and Structural Inertia: An Introductory Note on the Political Economy of Development

JOHN ADAMS, University of Virginia, and FRANK RAYMOND, Bellarmine University--Did Yunus Deserve the Nobel Prize: Microfinance or Macrofarce?

SAMANTHA GUNAWARDANA, University of Melbourne--Labor Rights and Enforcement in the Sri Lankan Export Processing Zone

OWEN DARBISHIRE, Saïd Business School and Pembroke College, University of Oxford, and ALEXANDER COLVIN, Pennsylvania State University--Labor Law in the Anglo-American Countries after Thatcher and Reagan